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70% of Korean Crypto Exchanges Fail to Repay Customers After Closure, Regulator Says

June 8, 2024
in Bitcoin
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Binance Confirms Mastercard and Visa Support for Crypto Purchases but No Binance Credit Card Issued
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A joint research effort by Korean regulators — the Financial Supervisory Service (FSS) and Korea Financial Intelligence Unit (FIU) — has revealed that seven out of 10 cryptocurrency exchanges in South Korea failed to fully return investors’ money after ceasing operations. “And even if they did, just one or two employees were tasked with giving […]
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